Investors placed USD 760mln bet on falling oil price around 20 minutes before Iran's Foreign Minister announced the Strait of Hormuz was open, according to Reuters

This significant bet on falling oil prices ahead of Iran’s announcement regarding the Strait of Hormuz could indicate market concerns about geopolitical stability and supply flows.

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Iran Foreign Ministry Spox says Aragchi's tweet was within the framework of the ceasefire agreement of April 10, We do not have a new understanding; traffic in the Strait of Hormuz is carried out based on the agreement reached on April 10; via Fars News

Investors placed USD 760mln bet on falling oil price around 20 minutes before Iran's Foreign Minister announced the Strait of Hormuz was open, according to Reuters

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The timing suggests traders may be positioning for a short-term drop in oil prices, potentially impacting inflation expectations and commodity-linked currencies.

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